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Vancouver Empty Home Tax Starts January 1, 2017

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Vancouver Empty Home Tax | Starts January 1 2017 | Empty home Tax Vancouver | Property Management Vancouver | Vancouver Property Management 

The Vancouver Empty Home Tax starts January 1st 2017, and will be applied annually, with the first tax year beginning on January 1, 2017. If you are a home owner in Vancouver, you have until July 1st, 2017 to have your property rented to avoid paying the tax. If your home is deemed empty, it will be subject to a tax of 1% of the property’s assessed value. Exemptions to this tax are in the video above and listed below. If your home is subject to this tax and you would like to avoid paying, Dexter Property Management has a solution for you! Contact us today with any questions or to see how we can assist you in renting your place! info@dexterpm.ca | 604.689.8226 | www.dexterpm.ca

 

  • Jan 1, 2017 – Start of 2017 tax year
  • July 1, 2017 – Tenancy deadline for
    non-principal residences
  • Dec 31, 2017 – End of tax year
  • Feb 2, 2018 – Declaration deadline
    for 2017 tax year

 

Properties not subject to Empty Home Tax:

  • Being used as a principal residence by the owner or his/her family member
  • Rented for a total of 180 days of the year, in periods of at least 30 consecutive days
  • Meeting the criteria for one of the permissible exemptions listed below

 

Permissible Exemptions:

  • Your home is being used a minimum six months of the year for work purposes within the City of Vancouver, with your principal residence elsewhere
    • Must provide address of your principal residence, contact information for Vancouver employer, letter from Vancouver employer confirming full time employment status and required physical presence for purposes of work
  • You or your tenant is receiving long-term, in-patient, medical or supportive care
    • Contact information for care facility and letter from care facility confirming property owner is under-going care
  • The owner is deceased and a grant of probate or administration is pending
    • Provide copy of death certificate
  • The ownership of the property changed during the year
    • Provide a copy of the contract of purchase and sale
  • The property is undergoing major renovations, or is under construction or redevelopment and permits have been issued
    • Short description of redevelopment and permit number
  • The property was subject to strata rental restrictions as of November 16, 2016
    • Provide copy of strata bylaws and letter from strata council confirming rentals are at the maximum and the property in question is on the waiting list
    • Any strata bylaw enacted after November 16, 2016 will not allow for an exemption by the property owner
  • The property is under a court order prohibiting occupancy
    • Provide a copy of the court order
  • The property’s use is limited to vehicle parking or the shape, size or other aspect of the property precludes the ability to construct a residential building

Vancouver Empty Home Tax | Starts January 1 2017 | Empty home Tax Vancouver | Property Management Vancouver | Vancouver Property Management

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